AR | The Arkansas Insurance Department today issued Bulletin No. 28-2020. It declares a moratorium on policy cancellations due to the non-payment of premiums for certain insureds affected by the current public health emergency.
To qualify, policyholders must:
- Have been diagnosed with/positively tested for COVID-19 since March 11, 2020, OR
- Have been terminated, laid off, or experienced a cessation of work as an independent contractor since March 11, 2020.
This moratorium applies to admitted AND surplus lines carriers.
Additionally, personal lines and life and health insurance policies in effect on August 17, 2020, must remain in effect until Executive Order 20-45 expires.
Click here to read the bulletin for further details.